Texas, particularly the Permian Basin, was driving global oil economics into the early 1970s until the U.S. met maximum output, giving way to OPEC. More than 40 years later, the U.S. is producing more than ever. Here’s the new world order: Move over, OPEC.
Tom Petrie, Chairman, Petrie Partners
EagleClaw Midstream said it is the first major gathering and processing company in the Permian Basin to procure 100% of its power for operations from renewable energy sources.
Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
A private seller retained US Mineral Exchange for the sale of mineral and royalty interests located in the Permian Basin in Martin County, Texas, operated by Endeavor Energy Resources.